Mass Megawatts Anticipates the Start of Construction on First No-Money-Down Power Purchase Agreement for Low-Cost, Solar Tracking System in Novemberadmin
WORCESTER, Mass., October 25th, 2013 /Accesswire/ – Mass Megawatts Wind Power, Inc. (OTCBB: MMMW) announces that their first, no-money-down, power purchase agreement (PPA) sale is projected to start construction soon in central Massachusetts. With this PPA, the company will deliver their innovative ‘Solar-Power Tracking System’ (STS), with no upfront, out-of-pocket costs incurred by the small business customer. Installation is planned to begin in November. This type of arrangement gives most home and business owners the financial means to quickly acquire an STS and realize immediate savings on their energy bill.
The patent pending, Mass Megawatts ‘Solar-Power Tracking System’ (STS) is a complete solar-power system designed to automatically adjust the position of its solar panels throughout the day to receive an optimal level of direct sunlight. Unlike other solar tracking technologies, the Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall system while improving energy production levels between 22 to 28 percent..
With a PPA, Mass Megawatts would own the STS at the customer’s home or business location. The company would install and maintain it, at no cost to the customer. The customer would only pay for the electricity that’s actually generated by the system, at a rate that’s below their current electricity rate. In this manner, customers encounter no up-front costs to acquire an STS, while realizing immediate savings from the clean, solar power generated by the STS. In many cases, customers that enter into a PPA with Mass Megawatts can expect to see their electricity costs reduced by over 20%.
Other, modified PPA plans can also be arranged to allow the customer to provide an initial, up-front payment, which would secure a lower rate on the electricity they receive in the future. With energy costs projected to increase, the savings and investment return for a customer will continue to grow throughout the expected lifetime of the unit (30+ years). Customers also have the option to purchase the STS outright after a specified number of years. In addition, other purchasing options are available, including lease programs and direct purchases.
Starting at 6.25 kW rated units, a Mass Megawatts STS system is appropriate for ground-level, residential and business sites, as well as, commercial, roof-top installations. Mass Megawatts coordinates all aspects of system delivery, including permitting, installation, and working to obtain any available tax incentives. They monitor the performance of each system, and provide a full, performance guarantee.
With its patent pending, Solar Tracking System, Wind Electric-Power Generation system, a new retail sales business, and very little debt, Mass Megawatts believes it is well positioned to ramp-up production in the shorter term while expanding its infrastructure to support mass-production goals in the longer term.
This press release contains forward-looking statements that could be affected by risks and uncertainties. Among the factors that could cause actual events to differ materially from those indicated herein are: the failure of Mass Megawatts Wind Power, also known as Mass Megawatts Windpower, to achieve or maintain necessary zoning approvals with respect to the location of its power developments; the ability to remain competitive; to finance the marketing and sales of its electricity; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power. Additionally, Mass Megawatts Wind Power stock quote and Mass Megawatts stock price may be impacted by global condition. Mass Megawatts Wind Power Inc. expected and anticipated positive and negative impact on the Mass Megawatts stock price and the MMMW stock quote.
Product information and sales inquiries can be made through the company’s contact page at http://www.massmegawatts.com/
Mass Megawatts Wind Power, Inc.
Posted: October 25th, 2013 under ACCESSWIRE.